News from the front is that the vendor of the Walton Tavern is ‘evaluating options’, now that seems a sensible and good thing to do when you’re an Administrator but…. should that not be the step that takes place before you place a property on the market for sale?
Should the evaluation of options not end in a selected option which may or may not be to market the property as a business? And once said option is selected should you not discuss openly your thoughts and considerations when every last piece of professional advice is telling you to rip the arm off the only interest displayed? I appreciate that it must be embarrassing meeting normal people when you are so far detached from reality that you feel underpants on the head and pencils up the nose is normal dress code, I also understand that its tough when the disposal of 200 pubs is placed in your hands and those hands are linked to a brain that a 6-year-old would be ashamed of but really?
I am a professional person, my broker, my roofer, my surveyor, my banker and Christies are all professional people. The BBPA who report the decline of the industry, the PMA who mourn the end of the trade as we know it, the real people losing money daily are all professional people. So why is it when you want to purchase a business you have to deal with a painfully shy dribbling moron hiding behind a teddy bear! For Christs sake people, if you don’t want to sell here is a thought: don’t put it on the market! Or if, as the case may well be, your price is actually the one advertised but to include two packets of crisps and a ride on the dodgems then let the rest of us know.
I have some further definitions to add to the title of this piece:
Deloittes – Shysters of the highest order with the intelligence of a small garden plant
Barclays Capital – Rich beyond your wildest dreams, hence they can watch their investments rot with no fear because all they need to do is manipulate the markets and lose the loss
LT Management – The most efficient trade destroyer known to man, only capable of existing because of the intelligence quota of Deloittes (see above)
Heres hoping that I can have a sensible conversation with my Son this weekend, alternatively I am genuinely at a loss as to what to do. I know of no local options that are viable for me, despite the Cross Keys being a gorgeous pub with plenty of land and scope it is a ‘destination pub’ and that’s not for me. I am not the man to set up a spectacular menu and ambiance that will draw people from Ipswich (5 miles away) to eat in my country pub, to be honest I don’t think that anyone can achieve that in this market.
So if anyone knows of a nice country pub near the sea with some local wet trade then please comment and I will have a look before my determination is tested beyond its yield strength.